please ans all the mcq's

1) Which of the following best describes why the Valuation Principle is a key concept in making financial decisions? A) It shows how to assign monetary value to intangibles such as good health and well-being. B) It allows fixed assets and liquid assets to be valued correctly. C) It gives a good indication of the net worth of a person, item, or company and can be used to estimate any changes in that net worth D) It shows how to make the costs and benefits of a decision comparable so that we can weigh them properly. E) It allows us to produce accurate financial statements. 2) Both personal financial decisions and business financial decisions can best be made by applying the: A) Internal Ranking Criteria. B) Best Alternatives Matrix. C) Valuation Principle D) Financial Comparison Analysis. E) Law of One Price. 3) Which of the following types of firms do NOT have limited liability? A) sole proprietorships B) limited partnerships C) private corporations D) public corporations E) limited liability partnerships 4) Over 60% of all Canadian business profit is generated by which type of firm? A) sole proprietorships B) partnerships C) limited partnerships D) corporations E) limited liability partnerships 5) What is the most common type of firm in Canada and the world? A) sole proprietorships B) partnerships C) limited partnerships D) corporations E) limited liability partnerships 6) Which of the following is typically the major factor in limiting the growth of a sole proprietorship? A) The organization of such firms tends to become extremely complicated over time. B) It is extremely difficult to transfer control of such a firm to a new owner if the present owner dies or wishes to sell the firm. C) The amount of money that can be raised by the firm is limited by the fact that the single owner must make good on all debts. D) Investors have a great deal of control over the day-to-day